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Caroline Lofts: Affordable Housing for Midtown


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This was in the previous thread for Midtown Common | 2403 Caroline . Although the information is outdated, it may be helpful to see what was previously discussed or shared before since the original thread and other content from me were removed.  Archive links to original thread here: page 1, page 2.



Originally posted by phillip_white, February 24, 2019 in the previous thread for Midtown Common | 2403 Caroline.



 

Looks like at least a portion of this lot is being switched to an affordable housing project called Caroline Lofts by Mark-Dana Corp. 87 total units with 76 low income and 11 market rate. They're the same group behind the structure currently going up right next to the 45 North Scott Street exit ramp.



From Houston Business Journal:

The list of affordable apartment projects on the City Council resolution item includes one development at McGowen and Caroline in Midtown called Caroline Lofts by Virginia- and Texas-based developer Mark-Dana Corp. The company’s EaDo Lofts project at the corner of Coyle and Napoleon streetsqualified for a low-income-housing tax credit from the Texas Department of Housing and Community Affairs and will receive $1.5 million a year in tax credits for 10 years.

 

https://www.bizjournals.com/houston/news/2019/02/19/developer-planning-affordable-housing-project-in.html

 

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  • 4 months later...

https://www.houstonchronicle.com/news/houston-texas/houston/article/Houston-council-support-tax-credits-housing-afford-15068063.php#photo-19052898

 

While Midtown is dotted with apartment complexes, developers say it has a dearth of affordable housing. One such proposed project, Caroline Lofts, moved a step closer to realization this week, when the city recommended it receive 9 percent tax credits.

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